Aircraft Lighting Market 2019 Trends, Growth, Size, Share, Competitive Analysis, Statistics, Regional and Global Forecast to 2023

Global Commercial Aircraft Lighting Market Report: Information by Type (Interior and Exterior), by Aircraft (Narrow-Body, Wide-Body and Others), by Vendor (OEM and Aftermarket), by Technology (Traditional, LED and Others) and by Region – Forecast to 2023

Pune, India - August 19, 2019 /MarketersMedia/ —

Market Overview:

The global commercial aircraft lighting market is expected to exhibit a strong CAGR of 7% over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The global commercial aircraft lighting market is expected to make strong progress on the back of the growing demand for aircraft lighting, both interior and exterior. While exterior lighting on an aircraft refers to navigational and other lightings required for safety, interior lighting refers to the lighting systems used to make the lives of the occupants of the plane more bearable and convenient. Both these segments are likely to exhibit strong growth over the forecast period.

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The growth of the commercial aircraft market in Asia Pacific and the Middle East is likely to be a major driver for the global commercial aircraft lighting market over the forecast period. The rising demand for new commercial aircraft in these regions has been vital in driving the commercial aircraft lighting market and is likely to remain a key market driver over the forecast period from 2017 to 2023.

Competitive Analysis:

Leading players in the global commercial aircraft lighting market include United Technologies Corporation (UTC), Soderberg Manufacturing Co. Inc., STG Aerospace Limited, Safran SA, Oxley Holdings Ltd., Luminator Technology Group, Honeywell International Inc., Diehl Stuftung & Co. KG, Cobham plc, and Astronics Corporation.

In July 2019, All Nippon Airways, Japan’s largest airline, announced an overhaul in its cabin interior and seating configuration, necessitating a new demand from the commercial aircraft lighting market.

Segmentation:

The global commercial aircraft lighting market is segmented on the basis of type, vendor, aircraft type, technology, and region.
By type, the global commercial aircraft lighting market is segmented into interior and exterior lighting.

By aircraft type, the global commercial aircraft lighting market is segmented into narrow body aircraft, wide body aircraft, and others.
BY vendor, the global commercial aircraft lighting market is segmented into OEM and aftermarket.

By technology, the global commercial aircraft lighting market is segmented into traditional, LED, and others.

Regional Analysis:

The global commercial aircraft lighting market is expected to be dominated by North America over the forecast period due to the growing demand for new commercial aircraft in the region as well as the growing presence of leading developers of commercial aircraft lighting products. The strong presence of companies such as UTC and Honeywell in North America has led to a growing demand for advanced products in the commercial aircraft lighting field. Product innovation to make commercial aircraft lighting products more environmentally viable and efficient is likely to remain a key driver for the market over the forecast period. Leading companies in the commercial aircraft lighting market are likely to invest significant amounts on the development of powerful, efficient lighting products for the commercial airliner industry, leading to a growing demand for commercial aircraft lighting products over the forecast period.

Europe is also likely to hold a major share in the global commercial aircraft lighting market over the forecast period due to the growing aviation industry in the region and the growing demand for aviation technology that helps provide a 21st-century experience to air travelers. The strong presence of innovators in Europe is also likely to be a major driver for the commercial aircraft lighting market in the region over the forecast period.

Asia Pacific is also likely to hold a major share in the global commercial aircraft lighting market over the forecast period due to the growing demand for commercial aircraft from the region’s growing commercial aviation sector. The growing demand for air travel among the region’s increasingly prosperous consumers has driven the demand for various fittings and appliances that are used in commercial aircraft.

The Middle East is also likely to play a key role in the growth of the global commercial aircraft lighting market over the forecast period due to the growing presence of commercial airlines in the region.

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Release ID: 88909313